Rockets reach agreement with guard Ish Smith

Ish Smith has played for five teams since debuting with the Rockets during the 2010-11 season. (Melissa Majchrzak/NBAE via Getty Images)

For the third time in three days, the Rockets reached an agreement with a former Rockets player, coming to terms with guard Ish Smith on a minimum, one-year contract, a person with knowledge of the deal said.

Smith, 26, played in 28 games for the Rockets in the 2010-11 season, averaging 2.6 points and 2.3 assists in 11.8 minutes. He has played for the Rockets, Grizzlies, Warriors, Magic, Bucks and Suns in four NBA seasons.

He was waived by the Suns on Tuesday after they reached an agreement on a sign-and-trade deal to add Isaiah Thomas. They had already drafted Tyler Ennis and plan to bring back Eric Bledsoe to a position already led by Goran Dragic.

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LeBron James

Small forward

Age: 29

Status: Agreed to two-year $42 million deal with Cleveland Cavaliers.

LeBron James

Small forward

Age: 29

Status: Agreed to two-year $42 million deal with Cleveland Cavaliers.

Photo: Andrew D. Bernstein / NBAE/Getty Images

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Carmelo Anthony

Small forward

Age: 30

Status: Agreed to deal with New York Knicks.

Carmelo Anthony

Small forward

Age: 30

Status: Agreed to deal with New York Knicks.

Photo: Jesse D. Garrabrant / NBAE/Getty Images

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Dwyane Wade

Shooting guard

Age: 32

Status: Agreed to two-year deal with the Miami Heat.

Dwyane Wade

Shooting guard

Age: 32

Status: Agreed to two-year deal with the Miami Heat.

Photo: Andy Lyons / Getty Images

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Chris Bosh

Power forward

Age: 30

Status: Agreed to five-year $118 million deal with Miami Heat.

Chris Bosh

Power forward

Age: 30

Status: Agreed to five-year $118 million deal with Miami Heat.

Photo: Andy Lyons / Getty Images

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Kyle Lowry

Point guard

Age: 28

Status: Agreed to four-year $48 million deal with Toronto Raptors.

Kyle Lowry

Point guard

Age: 28

Status: Agreed to four-year $48 million deal with Toronto Raptors.

Photo: Andrew D. Bernstein / NBAE/Getty Images

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Dirk Nowitzki

Power forward

Age: 35

Status: Agreed to three-year $30 million deal with Dallas Mavericks.

Dirk Nowitzki

Power forward

Age: 35

Status: Agreed to three-year $30 million deal with Dallas Mavericks.

Photo: Christian Petersen / Getty Images

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Paul Pierce

Small forward

Age: 36

Status: Agreed to two-year $11 million deal with Washington Wizards.

Paul Pierce

Small forward

Age: 36

Status: Agreed to two-year $11 million deal with Washington Wizards.

Photo: Claus Andersen / Getty Images

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Pau Gasol

Center/Power forward

Age: 33

Status: Reportedly signing with the Chicago Bulls.

Pau Gasol

Center/Power forward

Age: 33

Status: Reportedly signing with the Chicago Bulls.

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Lance Stephenson

Shooting guard

Age: 23

Status: Signed three-year, $27 million deal with the Charlotte Hornets.

Lance Stephenson

Shooting guard

Age: 23

Status: Signed three-year, $27 million deal with the Charlotte Hornets.

Photo: Lynne Sladky / Associated Press

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Luol Deng

Small forward

Age: 29

Status: Agreed to two-year $20 million deal with Miami Heat.

Luol Deng

Small forward

Age: 29

Status: Agreed to two-year $20 million deal with Miami Heat.

Photo: David Liam Kyle / NBAE/Getty Images

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Trevor Ariza

Small forward

Age: 28

Status: Agreed to four-year $32 million deal with Houston Rockets.

Trevor Ariza

Small forward

Age: 28

Status: Agreed to four-year $32 million deal with Houston Rockets.

Photo: Ned Dishman / NBAE/Getty Images

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Vince Carter

Shooting guard

Age: 37

Status: Agreed to a three-year $12 million deal to join the Memphis Grizzlies.

Vince Carter

Shooting guard

Age: 37

Status: Agreed to a three-year $12 million deal to join the Memphis Grizzlies.